Summary LoopNet ID 14661049 Status Active Price $1,399,000 Tax ID 24-44-24-P3-0260F.0130 Property Type Industrial Building Class C Year Built 1964 No. of Stories 1 Zoning IH & CI Total Lot Size 1.81 acres Building Area 23,382 SF Tenancy Multiple Cap Rate 5.38% Current Use Existing tenant will vacate premises with 120 days notice. Parking Ratio 0.65/1,000 SF Frontage 142 feet on Fowler Street, 588 feet on Canal Street, 142 feet on Evans Avenue. Traffic Counts Fowler Street: 26,429 vehicles per 24-hour period (2008).

Evans Avenue: 3,584 vehicles per 24-hour period (2007). Description Centrally located inside the Enterprise Zone of the City of Fort Myers Business Redevelopment District, this

property is priced to sell quickly. Heavy business traffic on adjacent Fowler Street and Evans Avenue and high visibility in this populated area. Easy access, arterial routes and connections. There are incentives in Fort Myers to promote economic growth that are offered by the state, county and city and they include technical assistance, cash grants, tax credits and refunds and tax exemptions. The adjacent property of 1 acre (43,560 SF) is also for sale at $399,000 (LoopNet 14943331). Below, see visuals of example

possible redevelopment uses, including uses that combine both adjacent properties. Highlights * Excellent investment opportunity with great potential for redevelopment. * Part of bulk portfolio sale: high-value land, great zoning district (Heavy Industrial & Commercial Intensive). * Multiple uses including industrial flex space; can be parceled for multiple tenants or single-use. * Perfect for retail, professional or service companies, such as auto-related businesses. * Fully equipped with Phase Three 220V outlets, offices, warehouse and distribution. * The current tenant (Shelving Systems) is willing to vacate with 120 days notice. * Adjacent 1-acre property also available at corner of Evans/Katherine for $399,000 (LoopNet 14943331).

FOR SALE – Excellent Investment Opportunity, 2765 Fowler Street, Fort Myers, FL 33901

Due Diligence Documents are available with an executed Confidentiality Agreement, including Phase Two Environmental, blueprints, current lease, approval for the small house to be removed and a parking lot to be added. Property photos

Example Redevelopment: graphics of both parcels combined (LoopNet 14661049 & 14943331)

Map Location

Subject Property Zipcode (33901) * Estimated 33901 zip code population in 2016: 20,396. * 2016 cost of living index in zip code 33901: 92.1 (U.S. average is 100). * Land area: 6.4 square miles. * Water area: 2.9 square miles. * Population density: 3,181 people per square mile (average). City of Fort Myers – Demographics (source: city-data.com) * City population in 2016: 77,154: 37,460 males (48.6%) and 39,694 females (51.4%). * Metro Area population: 586,908. * Median resident age: 48.2 years. * Estimated median household income in 2016: $36,485 ($28,514 in 2000). * Estimated per capita income in 2016: $25,484 ($17,312 in 2000).

City of Fort Myers – Commercial Property Market (source: CoStar) * 5.2M SF of inventory. * 50.4K SF under construction. * -251K SF 12-month net absorption. * 12.1% vacancy rate. * $16.92 SF market rent (increasing). * 2.7% annual rent growth (increasing). * $150 SF market sale price (increasing). * $25.6M 12-month sales volume (increasing). Lee County (source: city-data.com) * County population in 2016: 722,336 (2.9% growth): 94% urban, 6% rural (440,888 in 2000). * Land area: 804 square miles. * Water area: 408.3 square miles. * Median household income: $52,909. * Median property value: 210,900 (14.5% growth) * Number of employees: 301,862 (8.85% growth). * Population density: 899 people per square mile. * 2016 cost of living index in Lee County: 92.9 (U.S. average is 100). * Poverty rate: 12.9%. Lee County Economy (source: dataUSA) The Lee County economy employs 310,862 people, and specializes in Construction, Real Estate, Leasing, Administration, Support & Waste Management and many other trades and services. The largest industries are Retail (41,948 employees), Healthcare & Social Assistance (40,171 employees) and Construction (34,143 employees). The highest-paying industries are Professional Scientific & Tech Services ($48,349), Utilities ($43,176) and Management of Companies ($42,228). Income inequality of Lee County (measured using the Gini Index) is 0.479, which is lower than the national average. Fort Myers Incorporated as a city in 1886, Fort Myers is today the center of a nationally known popular tourist and commercial area in Southwest Florida, and it is the seat of Lee County. It is located about 120 miles south of Tampa at the meeting point of the Gulf of Mexico and Caloosahatchee River, with easy access throughout Florida via Interstate 75, plus nearby Southwest Florida International Airport (RSW). Starting in the late 1880s, Fort Myers was the frequent winter home of Thomas Edison, Henry Ford and Harvey Firestone, and it is currently home to the Boston Red Sox's spring training camp. 22 square-mile Fort Myers first became a nationally known winter resort with the building of The Royal Palm Hotel in 1898. However, the city’s growth was spurred in 1924 with the construction of the Tamiami Trail Bridge across the Caloosahatchee River. After the bridge’s construction, the city experienced its first real estate boom, and numerous subdivisions grew up around the city. Today, the city has a number of luxury high-rise condominiums and hotels that have sprung up along the thriving and historic downtown waterfront. Conclusion An exciting and desirable investment opportunity in the appealing Enterprise Zone of the Business Redevelopment District of the City Fort Myers, offering a variety of uses including industrial flex space.

DISCLAIMER: The foregoing information is derived from a variety of sources which may or may not be current or accurate, and therefore the factual basis of this information cannot be guaranteed. It is the prerogative of the purchaser of the property to perform any and all necessary due diligence and research in regard to facts pertaining to the subject property. For further information or to arrange a viewing of the property, contact realtor® Andrew Fentiman: Cell: (239) 405-3455. Email: acfentiman@gmail.com